Uncorkings for 4/12/2010

The top industry stories of the week.

Compiled by Kara Newman

According to a study released Friday, 89% of U.S. consumers plan to spend the same amount or less on alcoholic drinks, a move expected to cost beverage companies about $5.2 billion. However, consumers sad they expect to spend more on bottled juices and coffees. . .

Another sign of China’s burgeoning interest in wine: Veronafiere, the company that runs Vinitaly, signed a memorandum of understanding with the government of Hong Kong. This could be a big step toward bringing a Vinitaly-style wine fair to Hong Kong. . .

The French government published a report recommending that university canteens hold wine-tasting sessions. . .

Australian winemaker Thomas Angove, who first patented the idea of wine in a box 45 years ago, passed away at the age of 92. . .

Starbucks will introduce a full range of alcoholic beverages at selected test cafes in Seattle. More here. . .

In another court decision, a judge ruled that Bacardi isn't misleading consumers by advertising Havana Club's Cuban heritage in the U.S. Pernod Ricard said it intends to appeal the decision. . .

The first price for the 2009 Bordeaux was released, at an 18% increase from 2008. . .

A Canadian wine expert has insured his nose for $1 million. More here. . .